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HECO vs SPGM
State Street Galaxy Hedged Digital Asset Ecosystem ETF vs State Street SPDR Portfolio MSCI Global Stock Market ETF
Key differences
HECO is an alternative ETF, while SPGM is an equity ETF. HECO charges 0.90% a year and SPGM 0.09%.
- HECO is an alternative fund, while SPGM is an equity fund. They carry different risk/return profiles.
- HECO follows a option income strategy; SPGM uses index tracking.
- HECO covers North America; SPGM covers global markets.
- SPGM costs 0.81% less per year.
- SPGM is much larger than HECO. Larger funds are usually more liquid and less likely to close.
- SPGM has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| HECO | SPGM | |
|---|---|---|
| Annual cost (TER) | 0.90% | 0.09% |
| Fund size (AUM) | $116M | $1.7B |
| Since | 2024 | 2012 |
| Dividend yield | 0.00% | 1.67% |
| Asset class | alternative | equity |
| Region | north america | global |
| Strategy | option income | index tracking |
| CAGR 1Y | +117.9% | +28.1% |
| CAGR 3Y | N/A | +21.6% |
| CAGR 5Y | N/A | +11.1% |
| Sharpe 3Y | N/A | 1.18 |
| Volatility 1Y | 37.71% | 13.27% |
| Max drawdown | -43.74% | -33.97% |
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